The Australian solar industry continues to be a major player in the global renewable energy transition, and 2024 was no exception. The latest 2025 Annual SunWiz Australian PV Market Report reveals a dynamic year for the sector, with significant growth in commercial solar installations counterbalanced by a decline in the residential market. Here are the key insights from the report:
4.7GW of Solar Installed in 2024
Despite challenging market conditions, 4.7GW of new solar capacity was added in 2024, making it one of the strongest years on record for Australian solar. This represents an increase from 2023 but remains below peak deployment levels observed in previous years.
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Commercial Solar Surged to Record Levels
One of the standout findings of the report is the unprecedented growth in commercial and industrial (C&I) solar installations. The 15-30kW and 1-5MW segments saw significant uptake as businesses sought to reduce operating costs and hedge against rising electricity prices.
“Commercial solar had its best year yet, as more businesses recognized the long-term financial benefits of solar energy,” says Warwick Johnston, Managing Director of SunWiz. “The increasing adoption of larger systems highlights the growing confidence in solar as a mainstream investment for businesses.”
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Residential Solar Declined for the First Time in Years
The residential solar market, which has long been the backbone of Australia’s solar growth, experienced a 1.6% decline in installations in 2024. This rare downturn is attributed to:
- Higher interest rates and inflation, impacting household budgets.
- Lower government incentives, reducing the financial appeal of new installations.
- A shift toward larger system sizes, with many consumers opting for upgrades and battery storage rather than new small-scale installations.
The Role of Large-Scale Solar
While rooftop solar thrived, large-scale solar farm construction continued to struggle. The report highlights that only 1.32GWac (~1.60GWdc) of solar farm capacity was completed in 2024, marking one of the lowest levels since 2018.Â

Looking Ahead: What’s Next for Australian Solar?
The outlook for 2025 presents both challenges and opportunities:
- Residential solar may face further contraction, but potential changes in policy following the federal election could boost consumer confidence.
- Commercial solar is expected to remain strong, with more businesses adopting solar-plus-storage solutions.
- Battery adoption is on the rise, as energy storage becomes more cost-effective and integrated into household energy management.
- Australia remains a world leader in per-capita solar uptake, with over 40.7GW of cumulative solar capacity now installed.
Final Thoughts
The 2025 SunWiz PV Market Report provides valuable insights into the state of Australia’s solar industry. While residential solar faced headwinds, the commercial sector saw unparalleled growth, reinforcing solar’s critical role in Australia’s energy future.
For more in-depth analysis and data-driven insights, be sure to check out the full 2025 Annual SunWiz PV Market Report.